OasisLMS

In the current climate of increasing frequency and severity of claims, and rising insurance rates, choosing the right projects is the surest path to profitability.

Firms with claims frequently tell us about their lessons learned: they are improving their communication practices, implementing new QA/QC measures, or are being more selective about the projects they choose to work on.

Join Mark Blankenship to gain the tools to properly vet your projects so that you never have to complete your own “lessons learned” statement about client intake.

During this session:

• The guiding principles of the professional standard of care, the economic loss rule, and due process rights are identified as a framework for identifying favorable and unfavorable terms. Risk transfer devices including indemnity, additional insured status, waiver of subrogation and warranties are explained.
• The importance of avoiding contractual undertakings such as a defend obligation, loser pays attorney’s fees, and agreeing to the highest standard of care is discussed.
• Integration of subconsultant agreements is also discussed with a focus on flow down of standard of care, insurance and indemnification requirements.

Presenter: Mark Blankenship, CPCU, AIC, LEED AP, Director of Risk Management, WTW A&E